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Bred Madagasikara Banque Populaire Finances Two Solar Photovoltaic Plants of the Filatex Group in Tuléar and Nosy Be
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BRED Madagasikara Banque Populaire announces that it has entered into a financing agreement with the Filatex Group for the extension and construction of two solar photovoltaic plants with a total capacity of 4 MW, located in Tuléar and Nosy Be. With a rate of electrification limited to about 33%, Madagascar faces a high dependence on thermal energy, particularly heavy fuel oil (HFO) and diesel fuel (LFO). In this context, the development of rene…
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